BlackBerry Loses Two More Executives

Posted: Dec 16 2013, 2:19am CST | by , in News | Technology News


BlackBerry Loses Two More Executives
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The Canadian manufacturer of Qwerty smartphones, BlackBerry has recently lost two more executives who will be leaving it soon for greener pastures. BlackBerry has been down on its luck for awhile and its fortunes are not about to change soon.

Two of the top staff members of BlackBerry are leaving. And so the smartphone maker, which has Canada as its provenance, is left bereft of some serious talent. Chris Wormald, who handled the acquisitions that BlackBerry underwent as an Official in Charge of M&A Strategy, will depart from the company some time in December. 

Meanwhile, Rick Costanzo is the other fellow, who happens to be executive vice president of worldwide sales. And he will venture forth out of the organization premises during the first half of next year. Already about a month back, three other execs had to resign due to reasons best known to the company and themselves. 

Things at BlackBerry have not been the way they were in the good old days. It almost fell apart and was to be auctioned off in October. However, BlackBerry was saved by the skin of its teeth. The current CEO, John Chen took the place of Thorsten Heins. 

Chen’s strategy is one of reconstruction. And he has even told his employees that there will be a backlash before progress is achieved at BlackBerry. He has also announced massive downsizing in the times which are yet to come. His annual salary of $3 million should be enough compensation for this turnaround that Chen promises in return. Otherwise BlackBerry faces a dismal future scenario indeed.  

Source: WSJ

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The Author

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.




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